Financial Assistance Provided: Yes
Site Selection Assistance: No
Lease Negotiation Assistance: No
Recruiting Assistance: NA
Co-Operative Advertising: Yes
Training: Winmark conducts its 2-part training program at Winmark's
training center in Minneapolis. The training program is typically
offered 11 times per year. The first session of the training
program, New Franchisee Orientation Training (NFOT), covers several
aspects of management and operation of a franchised retail
business, including real estate matters, business plan development,
buying used and new products, Winmark's service vendor program and
other topics Winmark may select.
The first session will take place over a period of 5 days. At NFOT,
you will be required to participate in an online financial
management course conducted by Winmark's third party vendor. This
course will educate you on how to understand your financial
statements and utilize the information to build your business.
The second session of the Play It Again Sports? training program,
Concept Training, is attended when financing, lease and the online
financial training program are complete. It is conducted over a
period of at least 5 days and will include instruction on sales,
customer service, marketing, advertising, computer operation and
store inventory, staff and financial management, as well as topics
Winmark may select.
Other Info: Play It Again Sports ranked #381 in Entrepreneur
Magazine's 40th Annual Franchise 500
Top Quartile Average Gross Sales: $1,437,060 (2019)*
Top Quartile Average Gross Profit: $735,693 (2019)*
Average Gross Sales Chart:
- 2002 - $581,590
- 2006 - $685,672
- 2010 - $733,299
- 2014 - $769,008
- 2019 - $814,812
Real Estate: 3,000-3,500 square feet
Our Buyers Certification Program focused on acquiring quality
used sports and fitness equipment
Our used and new inventory assortment that changes daily and
provides our customers the complete solution for their sports and
fitness needs
Our partnerships with third-party vendors
Our unique, competitive niche in the retail marketplace
Our proprietary point-of-sale software that determines resale
pricing
Our cloud-based online reporting system that allows for remote
access
Our 100% franchised system that puts an emphasis on franchisee
support
Our robust support infrastructure that helps all franchisees
perform at their very best
Our willingness to work with first-time franchisees and family
teams who are passionate about making their business a success
*The Average Store numbers are the 2019 Average Gross Sales and
Average Gross Profit amounts stated in Item 19 of the 2020 Music Go
Round? Franchise Disclosure Document (as reported by the 33 stores
that had been in operation at least one year as of December 28,
2019). Of the 33 reporting stores, 15 or 45% of the stores attained
or exceeded the Average Gross Sales and 14 or 42% of the stores
attained or exceeded the Average Gross Profit. The Top Quartile
Average Gross Sales and Average Gross Profit only relates to 8 of
the reporting Music Go Round? Stores who ranked in the top 25% of
the gross sales range. Of the 8 reporting stores in the top
quartile, 3 or 38% of the stores attained or exceeded the top
quartile Average Gross Sales and 4 or 50% of the stores attained or
exceeded the top quartile Average Gross Profit. A new franchisee's
results will likely differ from these results.